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BA4 Exam Dumps - Fundamentals of Ethics, Corporate Governance and Business Law

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Question # 41

If financial statements give a true and fair view, then they:

A.

are guaranteed to be free from material misstatement

B.

are prepared in a timely manner for the benefit of the users

C.

indicate that the entity has been managed properly through the period under review

D.

faithfully present the financial position and performance of an entity on the dates being reported

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Question # 42

Which of the following is correct?

(i) A contract for the sale of land must be in writing.

(ii) A consumer credit agreement must be in writing.

(iii) A contract of employment must be in writing.

A.

(i) only

B.

(i) and (ii) only

C.

(i) and (iii) only

D.

(i), (ii) and (iii)

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Question # 43

Mr X's wife is gravely ill.  He accepts money from a client to falsify some accounts. The client is a contractor, being paid by the Government to build a bridge over a river. The accounts now state that more expensive materials were used to build the bridge. The money helps Mr X pay for his wife's medical treatment. Is this an example of a 'victimless crime'?

A.

No. The contractor is being paid to build a bridge with tax payers' money.  If it is built with poor quality materials it may collapse, wasting money, and potentially causing an accident

B.

Yes. Mr X used the money to get help for his wife. The bridge was built anyway

C.

Yes. Mr X needed the money to help his wife - family is more important

D.

Yes. Mr X has a duty to do as his client asked

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Question # 44

Lotl is a well-known supermarket chain that has recently come under fire for not encouraging diversity within the organisation.

Because of this, it has been making efforts to make the business more diverse.

Which of the following are ways Lotl might do this?

Select ALL that apply.

A.

Encourage people from all backgrounds and cultures to apply for vacancies.

B.

Ensure that it offers equal opportunities to both able-bodied and disabled people.

C.

Ensure that the company has an even split of male and female employees at all levels.

D.

Import and sell food from all over the world.

E.

Ensure that their in-store signs are written in at least five different languages.

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Question # 45

Which of the following governs all public sector employees?

A.

The Seven Principles of Public Sector Participation

B.

The Seven Principles of Public Enterprise

C.

The Seven Principles of Public Life

D.

The Seven Principles of Public Private Partnership

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Question # 46

How might an organization exercise ethical control over its staff? Select ALL that apply.

A.

Ensure that hired employees have a strong set of moral values and principles that they take into account when making decisions.

B.

Ensure than an organizational culture is developed and adhered to.

C.

Ensure that the company has its own ethical code that is communicated and followed.

D.

Ensure that all employees adhere to a rules-based approach.

E.

Ensure that all employees adhere to a conceptual framework.

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Question # 47

Completing work within established deadlines reflects the personal quality identified by the CIMA Code of Ethics as:

A.

Responsibility

B.

Accuracy

C.

Timeliness

D.

Tardiness

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Question # 48

Which of the following is CORRECT?

(i) A company limited by shares is a legal person separate and distinct from those who own and manage the company

(ii) If the company structure is used as a mere façade for fraudulent purposes the company but not the directors or shareholders can be held liable

(iii) If the company has carried on business despite the fact that insolvency appeared inevitable the directors may be personally liable for the debts contracted.

A.

(i) only

B.

(i) and (ii) only

C.

(i) and (iii) only

D.

(ii) and (iii) only

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